1001 Red Bug Lake RdCasselberry, FL 32707

Property Details for 1001 Red Bug Lake Rd

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

0.49 AC

Property size (Sq ft)

3,716 SF

Property type

Retail properties

Property subtype

Banks

APN

21-21-30-530-0000-0020

APU

21213053000000020

Description

This exceptional 3,716 square foot freestanding retail building is situated on a 0.85-acre lot at 1001 Red Bug Lake Road in Casselberry, Florida, zip code 32707. Previously a bank branch, this property offers significant potential for a variety of uses. The building boasts ample parking with 30 spaces, ensuring convenient access for customers and employees. Its highly visible location benefits from an average daily traffic count exceeding 98,000 vehicles, providing excellent exposure for any business. The property's zoning allows for expansion, with the potential to increase the building's footprint to up to 5,500 square feet. This presents a unique opportunity to customize the space to meet specific business needs. Located in Seminole County, this property is ideally suited for banks, credit unions, or medical offices seeking a prominent location with high visibility and ample parking. The property's strategic location and versatile design make it an attractive investment opportunity in a thriving Florida market. The address is easily accessible and benefits from strong local demographics. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $845,289

  6.5%

  $780,267

  7%

  $724,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,045,339

  Geo Method

  $1,045,339

• Alternative Use

  Use

  Valuation

  Residential

  $658,185

  Hospitality

  $602,894

  Educational

  $501,600

  Medical

  $518,851

  Retail

  $780,267

Location Insight

City

Casselberry

County

Seminole

State

Florida

Latitude

28.6465

Longitude

-81.3221

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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